Bitcoin Gold Price Prediction 2022, 2025, 2030: Is BTG A Good Investment

This article will look at Bitcoin Gold price prediction for 2022, 2025, and 2030. We will also look at its fundamental analysis and how it will impact its future.

Despite its name, Bitcoin Gold is not related to Bitcoin. However, the crypto markets itself as a better option than the original Bitcoin. At its core, it is a Bitcoin fork, which was forked at a block height of 491,407, meaning those who had bought Bitcoin before the fork was awarded a similar amount of Bitcoin Gold.

Bitcoin Gold Overview

Bitcoin Gold was a hard fork of the original open-source Bitcoin. The crypto was forked on October 24, 2017, and at the time, Bitcoin Gold claimed they wanted to make Bitcoin decentralized again.

Though Bitcoin is a decentralized cryptocurrency, the reference about making it decentralized again was in reference to its algorithms that prevented individual miners from being able to get involved in the mining process. Bitcoin Gold’s solution was to introduce a new proof of work algorithm called Equihash-BTG. This algorithm allowed small miners to mine on the Bitcoin Gold network.

However, today the Equihash-BTG solution has also kept small individual miners at bay. This is because miners still need to pool together many mining rigs to become profitable. Unfortunately, these mining rigs also do not come cheap, and the problem that Bitcoin Gold was created to solve has created a paradox of its existence.

Months following its launch, Bitcoin Gold was also involved in controversy after discovering that its creators had pre-mined 100,000 BTG coins. Although they explained that 5 percent of the coins would go to founders and 95 percent to support the project, the controversy created a lot of distrust in the cryptocurrency community.

There was scepticism months following its launch by different exchanges such as Bittrex about the crypto, which suggested that the project did not have a “fully formed consensus code”. However, with time, they proved they were a legitimate project and got accepted to cryptocurrency exchanges.

Today, the cryptocurrency is trading at $32, significantly lower than the original Bitcoin, which it was forked from. However, the project has shown growth in the past few years and has lowered the cost of mining significantly. The project also has one of the largest ecosystems, and based on its fundamentals; my analysis is it is the cryptocurrency for the future.

Bitcoin Gold Price History

Bitcoin gold was trading at over $150 months after it was launched. On October 25, 2017, Bitcoin gold, for instance, reached a trading price of over $190 during the trading session.

Below is a table showing past Bitcoin Gold Price history milestones

52 week low52 week low$21.77 
52 Week High52 Week High $168.19
October 23, 2017All-Time High$539.72
Nov 23, 2020All Time Low$2.54

Bitcoin Adoption

For the last few years that Bitcoin Gold has been in existence, it has expanded in usability and today boasts of having one of the largest ecosystems.

Today, the platform boasts of being traded on more than 75 exchanges and more at least 18 wallets. IT also boasts of being used for transactions amounting to more than $36 billion.

Bitcoin Gold also boasts integration into swap services such as SimpleSwap and Zwapzone. It is also used in platforms like Uphold, Now Payments, BizBlocks and CoinPayments.

Bitcoin Gold Price Prediction 2022

Bitcoin Gold price movement is affected by multiple factors, including the fact that it is positively correlated to Bitcoin.

In my Bitcoin Gold price prediction for 2022, 2025, and 2030, I will use support and resistance levels to predict where the prices will end be by the end of the year. I will also use its correlation with Bitcoin and its past price history to make the prediction.

On the Bitcoin Gold daily chart shown below, we can see a long-term support level of $9. However, the chart also shows long-term resistance levels of $118 and $161.

Bitcoin Gold prices are also bouncing from a long-term support level of $29. However, since August 29, 2021, the crypto has been trading within a descending regression trend, with the current prices trending downwards towards the lower trendline.

Considering all these factors, my Bitcoin Gold price prediction for 2022 is that the prices of the cryptocurrency will trade within the blue region shown in the Bitcoin Gold daily chart below.

By the end of the year, I expect Bitcoin gold prices to be trading at around the $118 resistance level. This price prediction is expected to follow the Bitcoin prices, which many experts predict will rise before the end of the year.

Therefore, the gain by the end of the year will be a 265 percent increase from the current prices.

Bitcoin Gold Daily Chart

Bitcoin Gold Price Prediction 2025

My Bitcoin Gold price prediction for 2025 expects the prices to be trading above $300. This is based on past performances of the crypto.

However, between 2023 and 2025, I expect the price increase to range from 50 to 70 percent growth rate per year, a less aggressive growth rate compared to other cryptocurrencies. The growth rate is based on past price action and the expected growth of the original Bitcoin, which many experts predict will continue to grow between 2023 and 2025. As a result, I expect the Bitcoin Gold to trade within the brick red area shown in the weekly chart below.

Bitcoin Gold Weekly Chart

Bitcoin Gold Price Prediction 2030

Between 2025 and 2030, I also expect a less aggressive growth rate, placing my Bitcoin Gold prediction at a growth rate of about 50 to 70 percent from my predicted 2025 prices of $300.

By 2030, I expect the prices to be trading at around $3,145. This will be an increase of 8,400 percent from the current prices.

Is Bitcoin Gold a good investment

Based on my Bitcoin Gold price prediction for 2022, 2025, and 2030, the crypto will have an annual price increase of more than 50 percent annually. This is except 2022, which I predict will be more aggressive than other years, and I expect it to close the year by a gain of over 260 percent growth from the current prices.

In most traditional investment opportunities, the returns are mostly under 20 percent. Therefore, by looking at my predicted yearly gains for 2022, 2025, and 2030, I can say that Bitcoin Gold is a good investment for long-term traders.